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April 24, 2006
by Elaine Frei
The London equities markets were lower on Monday as banks dropped, with the FTSE 100 down by 0.55 percent to 6,098.7 and the FTSE 250 falling 0.2 percent to 9,949.2.
Alliance & Leicester was down 2.25 percent to £11.28 when a bid that had been in the rumor mill last week was not forthcoming. HBOS was down 1.65 percent to 952p and ...
by Elaine Frei
In Europe on Monday, the FTSE Eurofirst 300 was down 0.6 percent to 1,388.98, although the telecommunications and oil sectors saw gains on the day.
The oil sector was mixed even as crude oil prices continued to rise and ABN Amro began coverage of Norsk Hydro and OMV with “buy” recommendations for both companies. Norsk Hydro gained 1.8 percent to ...
by Elaine Frei
The Tokyo equities markets were lower on Monday as investors worried about higher oil prices and a declining dollar in relation to the yen. The Nikkei 225 was down 2.8 percent on the day to 16,914.40 while the Topix index was 2.6 percent lower, closing at 1,710.76. Despite the drop in the dollar, exporters did no worse than ...
by Elaine Frei
With earnings reports expected from 171 of the S&P 500’s listed companies this week, the New York equities markets were down at midday on Monday. The Dow Jones Industrial Average was down 0.1 percent to 11,331.52, while the Nasdaq Composite had dropped 0.5 percent to 2,331.13 and the S&P declined by 0.4 percent to 1,306.13.
In earnings news, Xerox reported profits down a ...
by Elaine Frei
Prices for precious and base metals dropped on Monday, although they are still up substantially since the beginning of the year.
Silver his a high during the day of $13.19 per troy ounce during the day but by early in the day in New York it had dropped to $12.22 per troy ounce, a drop of seven percent from the day’s ...
April 21, 2006
by Elaine Frei
In Tokyo on Friday, new broker recommendations on carmakers sent the sector up, helping the markets on the day despite drops in commodities-dependent companies. The Nikkei 225 and the Topix index each added 0.5 percent on the day, to 17,403.96 and 1,756.40 respectively.
Companies that make cellphone components also saw gains on the day after postiive earnings reports from Texas Instruments ...
by Elaine Frei
In Europe this week, the FTSE Eurofirst 300 was up 2 percent to 1,397.07. This four and a half year high came even though crude oil prices were up into record territory.
Finnish utility Fortum was the week’s biggest gainer, ahead of a first-quarter report, due next Tuesday, which is expected to show earnings up by 20 percent. Most of ...
by Elaine Frei
In London on Friday the FTSE 100 added 0.8 percent to 6,132.7, a five-year high. The 100 was up 1.7 percent in the holiday-shortened week. The FTSE 250 was up 0.6 percent for the day and 1.8 percent on the week to close at 9,950.8.
Miners and oil were both instrumental in the day’s gains. Copper ...
by Elaine Frei
The New York equities markets ended the week mixed as the Dow Jones Industrial Average closed up 0.04 percent to 11,347.45, but the Nasdaq Composite dropped 0.83 percent to 2,342.86 and the S&P 500 dropped 0.01 percent to 1,311.28.
Quarterly earnings reports helped a number of companies during the week. 3M, which makes Post-It notes, was up 5 percent to $85.02 ...
by Elaine Frei
Crude oil prices were up again on Friday, with West Texas Intermediate crude for June delivery going as high as $75.35 per barrel on the New York Mercantile Exchange before ending the day up by $1.48 to $75.17 per barrel. This price was a new closing high and near inflation-adjusted records set in the late 1970s and early 1980s ...
April 20, 2006
by Elaine Frei
At midday on Thursday in New York, the Dow Jones Industrial Average was up to its highest level in six years, while the S&P was up only slightly and the Nasdaq Composite had fallen. The Dow was up 0.6 percent to 11,341.61, the S&P had risen 0.1 percent to 1,311.17, and the Nasdaq was down 0.5 percent to 2,359.64.
General ...
by Elaine Frei
In Europe on Thursday, the FTSE Eurofirst 300 was up 0.2 percent to 1,387.36, it’s highest close in nearly five years. Even so, it fell back substantially from the high of 1,392.85 in reached earlier in the day as mining stocks in the UK saw losses.
The telecommunications sector was mixed. Nokia added 5.6 percent to €18.40 on a first-quarter ...
by Elaine Frei
Oil-related stocks were up on the day in Tokyo on Thursday, but there was very little movement in the equities markets as a whole. The Nikkei dropped slightly, by 0.2 percent to 17,317.53, while the Topix index was unchanged at 1,747.86.
Oil stocks rose after a report that wholesale gasoline prices could go up next month, possibly as much ...
by Elaine Frei
The US dollar strengthened on Thursday after three days of losses, but the gains were explained by profit taking by most analysts, rather than any real shift in sentiment. The gains came even though the Conference Board’s index of leading economic indicators showed weakening due to rising energy prices.
The greenback added 0.4 percent versus the euro to $1.2321, while it ...
by Elaine Frei
Led by silver prices, most metals prices were down on Thursday in what analysts called a correction for the commodities market.
Silver prices dropped to as low as $12.61 per troy ounce before going back up to $12.75/$12.95, more than 13 percent lower than Wednesday’s close. The declines came after silver was up to $14.98, a 23-year high, earlier in the ...
April 19, 2006
by Elaine Frei
The New York equities markets were up on Wednesday as more companies turned in strong quarterly earnings reports. The Dow Jones Industrial Average ended the day 0.1 percent higher to 11,278.77, while the Nasdaq Composite gained 0.6 percent to 2,370.88 and the S&P 500 added 0.2 percent to 1,309.93.
Internet search engines advanced on the day. Despite reporting ...
by Elaine Frei
In London on Wednesday the FTSE 100 had its highest close since February 2001 as it gained 0.76 percent to 6,089.8. Meanwhile, the FTSE 250 was up even more, adding 0.89 percent to 9.871.8.
The construction materials sector was up on comments indicating that the US Federal Reserve might be nearly finished raising interest rates for the time being. ...
by Elaine Frei
The FTSE Eurofirst 300 closed up 1.2 percent to 1,384.01 on Wednesday as the semiconductor sector saw advances. The telecommunications sector was mixed. Banks, meanwhile saw advances.
In the semiconductor sector, ASML added 3.5 percent to €17.40 after it said that its outlook was good for the coming year and announced a share buyback worth €400 million. ...
by Elaine Frei
The Tokyo equities markets were higher on Wednesday. The Nikkei 225 added 0.7 percent to 17,350.12, while the Topix index gained 0.3 percent to 1,747.32. Most of the gains were among export-dependent companies, as investors grew more confident in the strength of the US economy as earnings reports from US-listed firms were strong and there were hints that US interest ...
April 18, 2006
by Elaine Frei
In London on Tuesday the FTSE 100 gained 0.24 percent to 6,044.1, while the FTSE 250 was up 0.1 percent to 9,785.2 as traders returned from the long holiday weekend.
Shares in companies related to the oil and gas industry were up as crude oil prices reached record highs. BP added 1.24 percent to 696½p, while BG Group was up 2.96 percent to ...
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The London equities markets were lower on Monday as banks dropped, with the FTSE 100 down by 0.55 percent to 6,098.7 and the FTSE 250 falling 0.2 percent to 9,949.2.
Alliance & Leicester was down 2.25 percent to £11.28 when a bid that had been in the rumor mill last week was not forthcoming. HBOS was down 1.65 percent to 952p and ...
